Soybeans, Wheat Drop Double-Digits
DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's soybean and wheat markets closed under heavy pressure, trading double-digits lower.
The July corn futures contract closed 6 3/4 cents lower at $4.93. The Dec. corn futures settled 6 cents lower at $4.90. The July soybean futures contract ended 15 cents lower at $14.87. The Nov. soybean futures closed 15 cents lower at $12.23. July wheat futures finished 23 cents lower at $6.75 per bushel.
In the outside markets, the Brent crude oil is $0.16 per barrel higher, the dollar is higher and the Dow Jones Industrials are 40 points higher.